H.R. 3390Passed one chamberJobs & the economy
Bill would force Federal Reserve to modernize its discount window system
Data as of July 22, 2026
HR 3390 requires the Federal Reserve to review and modernize the discount window lending system, with reports to Congress.AI-decoded40-second read · 4 questions answered below
Decoded
AI-decodedWhat does this do?
The bill requires the Federal Reserve to study whether its discount window, which lets banks borrow directly from the Fed during cash shortages, uses modern technology, communication, cybersecurity, and hours of operation. The Fed must start the review within 60 days, finish within 240 days, take public comments, and create a written improvement plan with timelines.
Who does it affect?
The Federal Reserve System and banks that use the discount window are directly affected; consumers and the broader economy could be indirectly affected through banking system stability.
Why does it matter?
A more modern discount window could help prevent or reduce the impact of banking crises, though the bill does not change interest rates or lending rules directly.
Where does it stand?
- Introduced
- House committee
- House vote
- Senate — You are here
- President's desk
Right now: it passed the House and now goes to the Senate. If the Senate changes it, it goes back to the House before reaching the President.
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Official title
Bringing the Discount Window into the 21st Century Act
- Introduced:
- May 14, 2025
- Latest action:
- February 11, 2026
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Read the official bill on Congress.gov